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Lazard Asset Management (LAM) has launched the Lazard US Fundamental Alternative Fund, a UCITS compliant, a liquid and diversified portfolio primarily focused on US securities, with the flexibility to invest across the whole market cap spectrum.
Utilising bottom-up stock selection, the Fund seeks to take long positions in equities of companies believed to have strong and/ or improving financial productivity and attractive valuations, and short positions in companies with deteriorating fundamentals, unattractive valuations, or other qualities warranting a short position.
The fund will be managed in New York by portfolio managers Dmitri Batsev and Jerry Liu, who leverage a
- 05/01/2016
Just one of Market Vectors Index Solutions’ (MVIS) six investable Long/Short Equity Indices – the Market Vectors Global Long/Short Equity Index (0.11 per cent) – recorded positive performance in December.
The month’s biggest loser was the Market Vectors North America Long/Short Equity Index with a return of -1.05 per cent, followed by the Market Vectors Asia (Developed) Long/Short Equity Index (-0.77 per cent), the Market Vectors Global Event Long/Short Equity Index (-0.75 per cent), the Market Vectors Western Europe Long/Short Equity Index (-0.65 per cent), and the Market Vectors Emerging Markets Long/Short Equity Index
(-0.10 per cent).
Each index is
- 05/01/2016
Aberdeen Asset Management has completed its acquisition of Arden Asset Management (Arden), a provider of hedge fund solutions with offices in New York and London, on 31 December, 2015.
This acquisition grows Aberdeen's global alternatives platform, which encompasses multi-manager research, selection and portfolio management for hedge-fund strategies, private equity and debt, property and other real asset investments, along with direct investments in infrastructure projects. Aberdeen can now offer its clients access and exposure to a universe of high-quality alternative investments, covering liquid strategies, private markets and real assets.
The combined hedge fund solutions team located in London and New York
- 05/01/2016
- 05/01/2016
Investment bankers are expecting relatively modest bonuses of under GBP25,000 on average this year, while Private Equity staff think theirs will exceed GBP100,000, according to research by recruitment firm Astbury Marsden.
Astbury Marsden says that investment bankers anticipate that their bonuses will be worth an average of GBP24,461 in this year’s compensation round – equivalent to 25 per cent of salary.
Those working in Private Equity have the highest expectations of any sector of the City – predicting average bonuses of GBP104,125 – or 71 per cent of salary.
Private bankers and wealth managers are the next most
- 04/01/2016
EZTD, an operator of online trading platforms for binary options and FOREX, has qualified to trade on the OTCQX Best Market in the US.
EZTD began trading on OTCQX on 31 December, 2015, under the symbol “EZTD.” Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“Established in 2001, EZTD operates some of the most popular online trading platforms for binary options and FOREX in Europe,” says Jason Paltrowitz (pictured), Executive Vice President of Corporate Services at OTC Markets Group. “We welcome EZTD to the OTCQX market and look forward to helping grow
- 04/01/2016
- 04/01/2016
Aquila Capital has been mandated by ČEZ-Group to build a wind portfolio in Germany in the triple-digit-million Euro range. With this mandate, ČEZ is further expanding its activities in CO2-neutral energy generation.
The ČEZ-Group is the largest energy company in Central Eastern Europe and ranks among the ten largest energy suppliers in Europe, both in terms of installed capacity and number of clients. The listed company has a growing focus on renewable energy infrastructure investments and currently has a wind portfolio with an installed capacity of more than 600 MW. Partnering with Aquila Capital also includes the asset management of
- 04/01/2016
Hedge fund consulting and marketing firm Agecroft Partners has released its annual prediction of the trends it believes will have the biggest impact on the hedge fund industry during 2016.
Agecroft”s Managing partner Don Steinbrugge (pictured) believes that the hedge fund industry is very dynamic and both managers and investors can benefit from anticipating, and preparing for, what changes are likely to occur. Those who effectively evolve with the industry will succeed, while stagnant firms will be left behind. Agecroft’s top ten trends for 2016 are:
1. Reduction of expected returns for a diversified Hedge Fund portfolio. Hedge fund
- 04/01/2016
Beechbrook Capital has held the first close of its inaugural UK SME Credit Fund, with commitments of more than GBP100m. The fund will support UK small and medium-sized businesses with a turnover of between GBP10 million and GBP100 million and EBITDA of more than GBP1 million.
Among the institutional investors that have made commitments to the new fund are British Business Bank Investments Limited, the commercial arm of the British Business Bank, and the European Investment Fund. With additional investments to the fund already pledged, Beechbrook expects to hold a second close in the second quarter of 2016 with a
- 04/01/2016
Towards the end of 2015, Global Macro and CTAs experienced mixed fortunes. During November they were able to make returns amidst difficult market conditions. For both strategies, strong tailwinds in FX proved to be beneficial, the Lyxor Global Macro Index gaining 1.3 per cent mid-way through November and ending the year up +3.9 per cent. These gains were largely in response to the buoyancy of the USD against G10 and Emerging Market currencies.
In short, both strategies were trading on the expectations of a US Federal Reserve rate hike, which duly materialised in December.
As the Wall Street Journal wrote
- 04/01/2016
ALPS Fund Services is to expand its Denver-based hedge fund administration business with the acquisition of Kaufman Rossin Fund Services (KRFS), an independent, full-service provider of specialised administration services to the financial community.
Established in 1994, KRFS has offices in Miami, Boston, San Francisco, Dallas, and Grand Cayman. The company’s hedge fund services include accounting and valuation, back-office outsourcing, investor services, treasury services, and customised reporting. KRFS is an affiliate of Kaufman Rossin & Co
“We see this acquisition making us a top-20 provider in the hedge fund administration business,” says Ned Burke (pictured), CEO of ALPS Holdings, Inc., the
- 04/01/2016
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